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HMRC internal manual

Employee Tax Advantaged Share Scheme User Manual

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HM Revenue & Customs
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Schedule 4 Company Share Option Plan (CSOP): Supplementary and defined terms: The scheme organiser

Paragraph 2(2) refers to the ‘scheme organiser’ as the company which established the scheme. In share option schemes this does not mean that this company must grant the options.

Although options may be granted other than by the company which established the scheme, they must be granted under the scheme established by that company (and not by a private arrangement). The decisions on who should be granted options should also be taken by the company which established the scheme.